824 Lake StRockwell CityIA50579
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Rockwell City at 824 Lake St, Rockwell City, IA, 50579 offers a 7.81% rental yield on a $167,000 purchase with $1,087/mo rent. Total monthly income registers $1,087/mo, and a $817/mo payment leaves $3/mo available for distribution. Annual cash flow reaches $34/yr on $55,361 to close, and return on cash invested stands at 19.97% in year one. Equity gained on principal adds $1,078/yr while 5% annual appreciation supports $46,139 over five years. Portfolio math shows five-year ROI at 103.55% and total cumulative return in cash at $57,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,087/mo property income against a $817/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50579, Rockwell City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,241 (100%) |
| Owner Occupied HU | 811 (65.4%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 210 (16.9%) |
| Median Home Value | $114,366 |
| Average Home Value | $186,107 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
975
Multi-Family
92
Businesses
116
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Listed by: Mike Anderson • Decker and Company Real Estate
Mls Name: Fort Dodge BOR
Mls ID: #27663